An issue that many golfers face is resolved by the company Golfkicks. The traditional golf shoe design and feel are disliked by many golfers. John Krosky and Tyler Stuart made the decision to develop a fix as a result. They created a device known as Golfkicks that enables users to transform any pair of shoes into golf studs. It was an easy yet clever idea.
Their goal was to make golfers more at ease and fashionable while playing. In Season 11 they introduced this concept to Shark Tank. The two founders requested $300,000 from the Sharks in return for 8% of their business. The Sharks thought the product had a lot of potential which made this episode more exciting. Will the entrepreneur get a deal on Shark Tank? Check out our Golf Kicks update to find out!
Golf Kicks Net Worth Shark Tank Update 2025
John Krosky and Tyler Stuart asked for a $300k investment in exchange for 8% equity in their company. This meant they valued their company at $3.75 million. They made a deal with Mark Cuban for $300k in exchange for 13% of their company. This new deal valued their company at approximately $2.31 million. After the show aired, Golfkicks saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Golfkicks is about $3.36 million.
Golf Kicks kept expanding after making an appearance on Shark Tank. Actually, since striking the agreement with Mark Cuban, the business has prospered greatly. Golfkicks is still operating as of 2024 and their annual revenue is approximately $4 million. For the business, this is a huge success. The Golfkicks product line has grown, and the company now sells on major online retailers like Amazon.
The cleat kits to convert regular shoes into golf shoes are now available for purchase by people worldwide. Additionally, Golfkicks has raised more money to support its international market expansion. Working with Mark Cuban has been an amazing experience. According to Tyler and John who are pleased with the company’s growth.
It’s true that Golf Kicks closed a transaction on Shark Tank. John and Tyler want $300,000 in exchange for 8% of their business. Mark Cuban and Lori Greiner placed bids. Lori proposed a loan of $300,000 that included interest and a royalty fee.
Mark Cuban contributed $300,000 for 13%. Which was more than the founders had originally intended to give up. Following careful consideration Tyler and John chose to accept Mark’s offer. They believed that Mark’s offer would ultimately benefit their company more. They exited the shark tank after securing a deal that would enable them to expand their business.
| Shark(s) name | Offer & Demand | $300,000 as a loan with 8% interest for a 5% stake , Plus a $2/unit royalty until Lori recoups the $300,000. | Accepted? |
| Matt Higgins (Guest Shark) | Out | N/A | N/A |
| Lori Greiner | $300,000 as a loan with 8% interest for a 5% equity, Plus a $1/unit royalty until Lori recoups the $300,000. | $300,000 as a loan with 8% interest for a 5% stake, Plus a $2/unit royalty until Lori recoups the $300,000. | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | $300,000 for 15% equity | #1 $300,000 for 12% equity #2 $300,000 for 13% equity | Yes to 2nd offer |
Golf Kicks Shark Tank pitch
John Krosky and Tyler Stuart both like to play golf, but they had an issue with golf shoes. They thought golf shoes were pricey and uncomfortable. Their goal was to develop a solution that would enable golfers to play the game while sporting their preferred trainer. They used this concept to develop Golfkicks. An easy-to-adjust cleat system that fits on any type of shoe.
The goal was to add style and enjoyment to golf. At first, Tyler and John had a lot of difficulties. In order to construct their cleats and make sure they would fit a variety of shoe styles they had to locate the appropriate materials. They also needed to come up with a plan for selling their product to golfers.
During Season 11, Tyler and John showcased Golfkicks on Shark Tank. They gave an explanation of their product’s operation. You may put tiny cleats into the soles of any shoe with the Golfkicks cleat kit. In just three months, they had already made $120,000 in sales.
The Golfkicks kit is made for roughly $5 and retails for $29 which provides the company with healthy profit margins. The creators sought $300,000 for 8 % of their business. They wanted the money to allow them to expand their clientele and boost their business.
The Golfkicks product generated a lot of suggestions from the Sharks. They were interested in learning how long the cleats lasted and if they performed effectively. John and Tyler clarified that the cleats were robust and compatible with a variety of shoe styles.
The company’s sales figures were another question the Sharks posed. They were impressed by the $120,000 in sales in just three months. However, not all Sharks agreed with Tyler and John’s valuation of the company’s value. The inventors gave the Sharks confidence in their ideas by providing thorough answers to all of their questions.
Not every Shark expressed interest in sponsoring Golfkicks. Due to their lack of golfing experience, Daymond John and Matt Higgins chose not to provide an offer. Kevin O’Leary didn’t believe the business was worth what its founders had demanded. $300,000 was available as a loan with 8% interest from Lori Greiner.
In addition, she requested a $1 royalty on each unit sold until her initial investment was repaid. The idea of royalty did not sit well with Mark Cuban. In exchange for 13% shares and no royalties, he promised $300,000. John and Tyler agreed to Mark’s deal because they thought it was superior.
What Went Wrong With Golf Kicks On Shark Tank?
Golfkicks had no significant issues when they were pitching. Still, not every Shark was a fan of the product. Daymond John and Matt Higgins were forced to go Due to their lack of golf experience and belief that they could not benefit the organization.
Kevin O’Leary declined to make a bid because he believed the company was valued too much. The founders did not approve of the royalty that Lori Greiner included in her offer. Ultimately Tyler and John were successful in closing a deal with Mark Cuban which aided in the expansion of their company.
Product Availability
Cleats from Golfkicks are a straightforward yet creative product. Any shoe with a rubber sole can use the studs, which are tiny metal spikes that screw into the soles. Golfers can now wear their preferred trainers on the course thanks to this. When playing golf the studs offer excellent traction and grip.
The product can be found on Amazon and the Golfkicks website.
Golfkicks is now regarded as an Amazon’s Choice product indicating its popularity and favourable reviews. There are other color variations for the outfit, so you may select the cleats that best fit your personal style. The product is reasonably priced. A kit costs about $29 to purchase. On their website, Golfkicks also sells merchandise including t-shirts and hats.
Conclusion
Shark Tank viewers were quite impressed by Golfkicks. Tyler and John’s firm expanded as a result of their successful transaction with Mark Cuban. Golfkicks has grown its customer base and is now a multimillion-dollar annual product seller since going on the show. Golfers who wish to wear their favorite trainers on the course have taken an interest in the product.
Cleats made by Golfkicks are simple to use and an excellent replacement for conventional golf shoes. Tyler and John have successfully converted their idea into a business with Mark Cuban’s assistance. A great example of how a straightforward concept can take off is Golfkicks.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
